QuickBooks Desktop has long been the go-to accounting software for small businesses and entrepreneurs. With its latest 2024 release, it’s better than ever at helping you effortlessly manage your finances. Here’s a look at some of the exciting new features that will change the way you look at bookkeeping.
AI-Powered Transaction Matching
One of the most tedious accounting tasks is matching transactions between your bank feed and QuickBooks. But with the new transaction matching assistant in QuickBooks Desktop 2024, your software can now do most of the heavy lifting for you using AI.
The assistant scans imported bank and credit card transactions and finds likely matches with sales receipts, bills, checks, and other transactions in QuickBooks. If it’s not 100% confident in the match, it will provide suggestions for you to review and confirm. This automation can shave hours off one of the most time-consuming steps in the bookkeeping process.
Improved Inventory Management
Managing inventory has long been a challenge for product-based businesses using QuickBooks Desktop Support. But in the 2024 release, you get smarter ways to track stock levels and costs in real-time. Whether you manufacture goods or sell retail products, you’ll have instant insights into what you have on hand and how it’s performing.
Some of the key inventory upgrades include:
- Bulk inventory adjustments and transfers
- Automatic reordering reminders
- Enhanced purchase order tracking
- Cost and profitability reporting per item
Know exactly what’s happening with your products without all the manual work of crunching numbers in spreadsheets.
More Intuitive Reporting
Generating reports in QuickBooks has always required some knowledge of accounting practices to customize and extract the most useful insights. The 2024 edition sets out to change that with a completely revamped reporting interface using natural language queries.
In simple terms, ask questions about your finances, and QuickBooks will deliver custom reports with visualizations. For instance, you can ask, “How much revenue did I generate from my retail store last March?” Or “Which customers had the highest sales last quarter?”
No more guessing which reports may have the answers you seek. QuickBooks does the work for you and makes it simple to analyze your numbers.
Conclusion
The latest iteration of QuickBooks Desktop takes the complexity out of small business accounting. With powerful automation, streamlined inventory features, and intuitive reporting, it’s easier than ever to master your finances like a pro.
Upgrade today to relieve headaches, save time, and unlock insights that were once buried in spreadsheets. QuickBooks 2024 is bookkeeping made simple so you can focus on what matters: growing your business.